Price for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia - 2023
Contents:
- Price for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (CIF) - 2022
- Price for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (FOB) - 2022
- Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia
- Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia
Price for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (CIF) - 2022
In 2022, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $1,545 per ton, reducing by -75.7% against the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 242%. The import price peaked at $11,195 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($41,375 per ton), while the price for Russia ($1,255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (FOB) - 2022
In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $2,635 per ton, falling by -5.7% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 125% against the previous year. As a result, the export price reached the peak level of $4,634 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2013 to 2022, the rate of growth in terms of prices for Estonia amounted to +5.7% per year.
Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia
In 2022, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) was finally on the rise to reach 22 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt curtailment.
In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $34K in 2022. In general, imports, however, recorded a pronounced descent.
| Import of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 24.4 | 0% |
| Lithuania | 34.0 | 14.0 | 8.8 | 5.3 | -46.2% |
| Others | 3.1 | 14.9 | 16.5 | 4.4 | 12.4% |
| Total | 37.1 | 28.8 | 25.3 | 34.1 | -2.8% |
Top Suppliers of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) to Latvia in 2022:
- Russia (19.4 tons)
- Lithuania (2.0 tons)
Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia
In 2022, overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -96.5% to 137 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 141%. As a result, the exports reached the peak of 8.9 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports reduced markedly to $361 in 2022. In general, exports recorded a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 167%. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.5 | 2.9 | 0.5 | 0.3 | -15.7% |
| Estonia | 7.9 | 18.9 | 9.9 | N/A | 11.9% |
| Others | 0.1 | 0.9 | 0.5 | N/A | 123.6% |
| Total | 8.5 | 22.7 | 10.9 | 0.4 | -63.9% |
Top Export Markets for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) from Latvia in 2022:
- Germany (136.0 kg)
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